Entrepreneurship MSc
Key information
Duration: 12 months
Attendance mode: Full-time
Fees: £31,000 (more information)
Location: Bunhill Row
Start of programme: September 2024
Application deadline: August 2024
Entry year: Showing course information for 2024
Learn to identify and exploit innovative, profitable opportunities in a fast-paced programme
Overview
Entrepreneurship MSc Who is it for?
This master’s in entrepreneurship is for the ambitious, the creative and the curious. You’re likely to be looking to launch a business, lead an initiative within a corporation or expand your existing business.
You’ll need to be a persistent, problem-solving, team-oriented and ambitious graduate (with an upper second degree or equivalent) who relishes the challenge of learning in a fast-paced, hands-on programme, created and taught by leading academics and entrepreneurs. You’ll appreciate that this professionally relevant qualification, and Bayes’ strong links with business, will help you achieve your goals as an entrepreneur or business owner.
Why choose this course?
- All-round perspective on entrepreneurship: Learn how to start your own business, give advice to startups, and become an intrapreneur.
- Mentors in residence: we operate a mentoring scheme that provides access to and guidance from entrepreneurs and investors.
- Access to City Launch Lab, a workspace, coaching and opportunity for a three-month accelerator programme to kick-start your business.
- Attend the annual Bayes Innovate conference. Learn from and interact with entrepreneurs and innovators.
Course objectives
Your MSc in Entrepreneurship is a fast-paced, academically rigorous course that aims to develop responsible and responsive business leaders who will nurture innovative and profitable new ventures. It will be your guide through the intricate process of launching a successful start-up, venture or business initiative, including creativity, finance, marketing, management and ethics.
You’ll begin by plunging straight into the world of entrepreneurship on a four-day New Venture Creation module, working with fellow students to share ideas, form teams and build prototypes.
The programme balances research-led teaching with learning through experience, including through Bayes Innovate, City Venture and City Launch Lab, and learning by reflection on doing, as part of your individual professional development.
Teaching staff
The teaching staff on the MSc in Entrepreneurship have many years of practical experience working in industry and are also active researchers in their fields
This knowledge and experience inform the highly interactive lectures that make up the MSc in Entrepreneurship.
Course Director
- Aliasghar Bahoo Torodi
- Vangelis Souitaris
- Stefania Zerbinati
- Manto Gotsi
- Carlos Ribeiro
- Nettra Pan
- Scott Moeller
- Ypatios Moysiadis
- Cansu Bayrak
- Leo Castellanos
Entrepreneurs mentors in residence
City, University of London and Bayes Business School have an excellent reputation in promoting the employability of their students at all levels: undergraduate and postgraduate. We, at BayesEntrepreneurship, commit to provide you with as much career support as possible. Since 2016, we have operated a very successful Entrepreneurship Mentoring Scheme. The scheme operates exclusively to support the Masters in Entrepreneurship programme and provides you with a safe network of entrepreneurs and investors who are available to inspire and support you throughout your entrepreneurship journey.
- Andrew Priestley, The coaching experience
- Andrew Bott, MeetFounders
- Samr Calcutawala, Origin Oils
- Sam Ofori, Venture Mentor
- Elena Jacobson, Infinity Advisory & Management
- Jeffrey Lawrence, NHS specialist
- Kevin Smith, Boom
- Moeed Amin, Proverbial Door
- Michael Phillips, Insurance Times
- Ozana Giusca, Tooliers
- Ruhitha Chandagari, Octopus Ventures
- Simon King Cline, Aspect communications
- Robert De Souza, Business consulting, Metaverse, Crypto
- Heather Bird, Wellness
- Ypatios Moysiadis, Wattcrop
- Adam Brzozowski, Insurance, Me.
- Eva Thorne, Garden of Eva
- Philippa Seal, Business Mentor
- Stefania Zerbinati, Museum of Entrepreneurship.
Course content
On the Entrepreneurship master’s programme, you will:
- Develop your knowledge and understanding of the unique processes involved in creating and launching your own business
- Demonstrate a systematic understanding of the factors behind successful entrepreneurship, from creativity to start-up financing
- Understand and critically evaluate current issues affecting establishing new businesses from the ground up
- Develop team-working abilities crucial to the launch of a successful business
- Sharpen your commercial skills and learn how to apply them to the challenges of starting a successful small business.
Course structure
Programme content is subject to change. We regularly review our module offering and amend to keep up to date and relevant.
Induction weeks
The MSc in Entrepreneurship starts with two compulsory induction weeks which include refresher courses, an introduction to the careers services and the annual careers fair.
Term 1
New Venture Creation
- 15 credits
- 30 hours, over one week, in lectures, practical classes and workshops
- 120 hours self directed study
The aim of this module is to provide you with an understanding of the basic and essential issues in entrepreneurship and to provide some of the skills you will need to become an entrepreneur or to act entrepreneurially within existing organisational settings.
After a general overview of the latest theoretical approach to entrepreneurship, you will explore the more practical issues in entrepreneurship, including identifying the opportunity, gathering the resources and managing the team.
You will be invited to develop a business idea using the business model canvas, identify your ideal investors as well as learn how to pitch to them. The module will additionally focus on decisions regarding the management of a new venture.
Using one of the latest tools, a business simulation, you will learn how to analyse and act in every-day business situations after setting up a startup.
Managing Innovation
- 10 credits
- 18 hours, over eleven weeks, in lectures, practical classes and workshops
- 82 hours, over eleven weeks, self directed study
There is increased recognition that the competitive advantage of organisations depends heavily on their ability to capitalise on their employees’ ideas.
The aim of this module is to empower you to develop your creative and entrepreneurial capacities, understand how to apply these skills to various problems, and ultimately create both a commercial product and a social problem solution.
Delivered as a series of product/service design activities, you will work in teams to apply different creativity techniques and artifacts in product/service design, framed with different creativity theories and models.
Reflective learning will be encouraged after each product/service design activity.
Accounting for Entrepreneurs
- 10 credits
- 21 hours, over eleven weeks, in lectures and workshops
- 82 hours, over eleven weeks, self directed study
A sound understanding of monetary flows and financials within a start-up is critical. This module will equip you with an understanding of the most common accounting and finance techniques and practices necessary to prepare and interpret financial reports.
It will also provide you with an understanding of the uses of management accounting techniques in evaluating cost behaviour for decision making purposes and financial management techniques to evaluate short-term decisions and management of working capital.
You will be introduced to the key concepts and frameworks via a series of in-class lectures, and learn to apply this knowledge to realistic accounting issues and financial statements.
Marketing Innovations
- 10 credits
- 18 hours, over eleven weeks, in lectures, practical classes and workshops
- 82 hours, over eleven weeks, self directed study
Marketing is one of the most fundamental, most complex, and possibly also most misunderstood function of the firm.
To put it in the words of the famous Peter Drucker: “Because the purpose of business is to create a customer, the business enterprise has two-and only two-basic functions: marketing and innovation.”
The aim of this module is to provide you with a sound understanding of marketing theory, concepts and tools used to market a new product offering, applicable in an entrepreneurial setting.
Emphasis is placed on the special requirements for creating and executing marketing plans and programmes in a setting of rapid technological change.
Entrepreneurship Mentoring
- 10 credits
- 18 hours, over eleven weeks, in lectures practical classes and workshops
- 82 hours, over eleven weeks, self directed study
City, University of London and Bayes Business School have an excellent reputation in promoting the employability of their students at all levels: undergraduate and postgraduate. We, at Bayes Entrepreneurship, commit to provide you with a unique module to support your professional growth within the entrepreneurship journey.
The aim is to encourage personal and professional growth. We aim to provide you with tools and resources to identify a business idea that suits you, to develop that idea into a viable business project and above all to make you fit to enter the business start-up world by working on your professional skills with practitioners.
New Product Development.
- 10 credits
- 18 hours, over eleven weeks, in lectures practical classes and workshops
- 82 hours, over eleven weeks, self directed study
What is innovation and why does it matter? This module aims at helping you understand the process and management of developing new products.
You will learn how to identify and select opportunities, generate concepts, design product protocols, evaluate concepts/projects, understand key aspects of development and plan and implement new product launches.
Covering both the analytical and practical management aspects of new product development, you will be drawing from a variety of theoretical frameworks, tools and practices to build insights that are theoretically driven, yet practice focused.
Term 2
Funding the New Venture
- 10 credits
- 18 hours, over ten weeks, in lectures practical classes and workshops
- 82 hours, over ten weeks, self directed study
This module aims to provide you with an understanding of funding for new ventures. You will discover the various funding sources available, including angel investment, crowdfunding, and venture capital.
You will reflect on the evolution of funding for new ventures and will analyse developments that are shaping funding for entrepreneurs.
These include structural changes to the startup ecosystem and their impact on the range of resources and tools that are now freely available to founders, as well the re-shaping of the traditional venture capital model.
You will gain an understanding of the context and methods of valuing an entrepreneurial business, as well as where and how to raise capital and how to manage relationship with investors.
High Growth Entrepreneurship
- 10 credits
- 18 hours, over ten weeks, in lectures, practical classes and workshops
- 82 hours, over ten weeks, self directed study
Entrepreneurship is a multidisciplinary activity involving strategy, R&D, marketing and project management. In practice, entrepreneurs face a number of challenging issues simultaneously.
Bringing new products, services and technology from a mind or a lab to the market is a crucial economic yet complex process.
This case-based course will keep theory delivery in class to a minimum, but you will need to read a number of key papers.
The module aims to provide you with knowledge and practical tools for the creation of high-growth new ventures, as opposed to lifestyle small businesses.
You will learn how to change lives and “conquer the world” with innovative new products and services.
Sales Management
- 10 credits
- 18 hours, over ten weeks, in practical classes and workshops
- 82 hours, over ten weeks, self directed study
Almost every business plan assumes a certain amount of sales. Without sales, the entire business model is an exercise in frustration.
This module will provide you with the fundamentals of selling and sales management. It will demystify sales and help you understand how to sell. At the end of this module, you will be able to understand the role of sales in a new venture.
Purpose Driven Entrepreneurship
- 10 credits
- 18 hours, over ten weeks, in lectures and workshops
- 82 hours, over ten weeks, self directed study
Studies suggest that as many as 58% of Gen Y - individuals born 1980-2000 - were willing to take a 15% pay cut to work for a firm that mirrors their values. 45% were willing to take a 15% pay cut to work for a firm that makes a social or environmental difference (Net Impact, 2012). Gen Z (born after 1996) have similar views to Gen Y, are even more cynical towards corporate actors and are stronger digital natives (Pew 2020; CBS News, 2020).
Alongside the growth in resources for entrepreneurs and innovators interested in increasing clicks and profit, founders, investors and policy-makers have been exploring venture as a vehicle to achieve personally-meaningful goals.
This course has been designed to help you bridge the artificial division between the objectives of profit-oriented entrepreneurship, and the objectives that truly motivate innovators. Through practical and academic exercises, you will explore venture as an opportunity to create wide-spread societal change in a financially sustainable and even profitable way.
Managing Operations for Scaling Up.
- 10 credits
- 18 hours, over ten weeks, in lectures and workshops
- 82 hours, over ten weeks, self directed study
The success of every venture depends on scaling. Yet the challenge is that scaling comes with inherent risk(s). Even the most prepared founders and teams face challenges, make errors, and must make progress through periods of confusion and uncertainty.
The module aims to provide you with a number of operational management techniques that can be applied to real world problems and stimulate an appreciation of the use of different types of operations management approaches to solving problems.
Term 3
In your third term you'll study two core modules and have the option to either complete completing a Business Research Project in term three or study a further three elective modules.
Core modules
The Entrepreneurial Adviser: Problem Solving for Early-stage Companies or new initiatives
Within the MSc in Entrepreneurship, you will be able to participate in a consulting project. You will study an actual problem of a given new venture or large organisation.
You will receive the necessary information from the cooperating firms and organisations’ staff and you will cooperate with them throughout the project. Following analysis of the problem, you will prepare and present concrete and practical solution(s).
The main target of this module is to provide you with the opportunity to handle real-world problems and suggest operational solutions that can actually be implemented by the cooperating firms.
Moreover, you will have the chance to develop close relationships with the cooperating companies and, thus, gain an appreciation of real business environments.
The final report will be critically reviewed by supervisors and presented to the firm/ organisation’s representatives.
M&A and Other Exits for Entrepreneurs.
Over the course of your career, you may participate (either actively or passively) in at most one major merger or acquisition, but over the same period you are likely to find yourself dealing with many smaller acquisitions.
This will certainly be the case if you join large organisations.
It is also likely that if you join or even found a small company you will find yourself as a target (or wanting to be one!), and if particularly fortunate, as an acquirer as well.
This module focuses on discussing the various exit options for startup companies, including M&A deals, IPOs and their relative advantages.
Preparing you for a world where M&A is an integral part of the strategic and financial business landscape, the module takes a global perspective and will help you familiarise yourself with the various aspects of M&A in the life of a corporation, how to apply valuation techniques and the various techniques used in the different stages of a merger or an acquisition (including post-merger issues).
Business Research Project
Business Research Project.
The project will be of approximately 8,000 words. The project should be based on independent research either in the context of a single organisation or using third-party sources.
Students are encouraged from the start of the course to think about a topic for their project. A member of academic staff supervises the project, and the student may choose with whom they would like to work.
The project must be submitted by the end of August. Company sponsored projects are encouraged and a number of such projects may be available.
Electives offered in 2023
- Ethics, Society and the Finance Sector
- Sustainable Finance with ESG
- Corporate Entrepreneurship
- Family Business
- FinTech - Financial Services in the Digital Age
- Negotiation Skill for Multidiscipline Managers
- Project Leadership
- Project Management
- Storytelling for Business
- Understanding & Managing People.
International electives offered in 2023
- Corporate Open Innovation - (taugt in Rome)
- Creating Value with Suppliers - (Bologna)
- Start ups: International Field Trip – (Lisbon)
- Venturing for Social Impact - (Kenya).
Download course specification:
Entrepreneurship MSc [PDF]Assessment methods
Term dates
Term dates 2024/25
- Induction: 9th September 2024 - 20th September 2024
- Term one: 23rd September 2024 - 6th December 2024
- Term one exams: 6th January 2025 - 17th January 2025
- Term two: 20th January 2025 - 4th April 2025
- Term two exams: 21st April 2025 - 2nd May 2025
- Term three - international electives: 5th May 2025 - 16th May 2025
- Term three: 19th May 2025 - 4th July 2025
- Term three exams: 7th July 2025 - 18th July 2025
- Resits: 11th August 2025 - 22nd August 2025
- Additional resit week - tests only: 25th August 2025 - 29th August 2025.
Timetables
Course timetables are normally available from July and can be accessed from our timetabling pages. These pages also provide timetables for the current academic year, though this information should be viewed as indicative and details may vary from year to year.
Please note that all academic timetables are subject to change.
Fees & funding
UK/Home/International fee
September 2024 entry
£31,000
Tuition fees are subject to annual change.
Deposit: £2,000 (usually paid within 1 month of receiving offer and non-refundable unless conditions of offer are not met).
First installment: Half fees less deposit (payable during on-line registration which should be completed at least 5 days before the start of the induction period).
Second installment: Half fees (paid in January following start of course).
Scholarships & bursaries
Scholarships, sponsorships, loans and other funding could support your education at Bayes Business School.
Learn about the cost of living as a Bayes student in London.
Scholarships
We have a range of scholarships for Master's degrees at Bayes Business Scool. Most scholarship applications for 2024/25 year of entry will open in January 2024.
View our scholarships and fundingOther funding opportunities
Scholarships are very competitive, you may wish to look other options for funding, including the government PG Loan.
View other funding optionsSponsorship
Students on the course who are sponsored in full or in part by their employer will need to complete a sponsorship form as part of the application process.
View our sponsorship guidanceCareers
Like many of our entrepreneurship graduates your aim may be to launch your own business or become CEO of the venture you create during your studies. Our graduates are also in demand by start-ups, consultancies and major corporations, including banks and manufacturers, who value entrepreneurial spirit and know-how. Recent graduates are now working in digital and social media strategy, retail sales analysis and corporate finance.
The Bayes careers team are on hand throughout your course to help you understand your strengths and career goals, and make the most of our business connections.
Our dedicated Careers Team will help you identify your ideal career path and work with you to maximise the potential of accomplishing your professional goals.
Class of 2022
Recent graduates have secured positions such as:
- Business Development Manager
- Co-Founder
- Account Manager
- Innovation & Strategy Co-ordinator
- Community Intern
- Brand executive
- Entrepreneurship Education Project Officer
Download our latest MSc Employment Report
Recent employers
Alumni stories
Entry requirements
- A UK upper second class degree or above, or the equivalent from an overseas institution
- Previous study of business, management or finance is not required
- Work experience is not a requirement of this course.
Interview
Applicants selected by the Admissions Panel may be invited to an online interview. We will contact all selected applicants with full instructions after the Admissions Panel has made an initial assessment of your application.
We strongly advise you to provide us with your own personal email address when applying to avoid missing interview deadlines and any important information sent from the Admissions Team.
GMAT
GMAT is not required for application, but may be requested as a condition of offer at the discretion of the Admissions Panel.
English language requirements
If you have been studying in the UK for the last three years it is unlikely that you will have to take an English language test.
If you have studied in the UK at degree level for less than three years (e.g. 3+1, 2+1, 2+2, etc.) you will be required to provide the results of an approved English language test and possibly resit the test to meet our academic entry requirements.
Full list of approved English language tests/qualifications and minimum requirements.
Apply
Please see our Application Guide for details of the documents you will need to supply as part of your application, and other useful information.
We cannot comment on individual eligibility before you apply. We can only make a decision on your application once it is fully complete, with all requested information received.
Frequently asked questionsTerms and conditions
Students applying to study at Bayes Business School are subject to City, University of London's terms and conditions.
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